NIFTY Prediction After starting lower, Nifty continued to drop slowly during the day, briefly falling below the 50-day EMA support level of 23,950 before ending at 24,055.60. Resistance on the upside is at 24,400-24,700, while support on the downside is at 24,000-23,630. BANK NIFTY Prediction The Bank Nifty dropped below its previous low of 50,440,…
READ MORENIFTY Prediction Nifty opened with a gap up today, consolidating throughout the day to finish with a gain of around 60 points. The daily charts show that Nifty has broken out of its sideways consolidation to the upside. We anticipate the rally to extend towards 25,000-25,500 in the short term, with support levels at 24,900-24,500….
READ MORENIFTY Prediction Nifty closed 21 points higher as the benchmark indices exhibited non-directional movement. A small inside bar candle formation was observed on the daily charts, while the intraday charts revealed a double top formation, suggesting potential temporary weakness. The resistance levels are set between 25,000 and 25,500, with support levels ranging from 24,500 to…
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